This paper estimates an Euler equation for per capita consumption to investigate whether social security increases consumption ceteris paribus in seventeen countries. Following the seminal work of Martin Feldstein, the literature has estimated consumption functions to address this question. Unfortunately, consumption functions confound structural and expectational parameters, making their inter...

We develop logarithmic approximation algorithms for extremely general formulations of multiprocessor multiinterval offline task scheduling to minimize power usage. Here each processor has an arbitrary specified power consumption to be turned on for each possible time interval, and each job has a specified list of time interval/processor pairs during which it could be scheduled. (A processor nee...

The constant relative risk aversion (CRRA) type utility functions are used in consumption-based capital asset pricing models (C-CAPM) and are estimated by the generalized method of moments (GMM). More realistic hyperbolic absolute risk aversion (HARA) utility functions are analytically inconvenient. We show how to estimate HARA-based CCAPM models by employing Godambe-Durbin \estimating function...

In biomechanical studies inverse-dynamic models are often used to predict muscle forces. The distribution of those forces among the muscles is often calculated by optimising a cost function, assuming that movements are controlled in an optimal manner. Unfortunately the quantity optimised in real life is unknown and only assumptions can be made. Many different cost functions have been proposed (...

Intertemporal preferences are di¢ cult to measure. We estimate time preferences using a structural bu¤er stock consumption model and the Method of Simulated Moments. The model includes stochastic labor income, liquidity constraints, child and adult dependents, liquid and illiquid assets, revolving credit, retirement, and discount functions that allow short-run and longrun discount rates to di¤e...

In this study, the aim is to propose a new method for fuzzification of nested dummy variables. The fuzzification idea of dummy variables has been acquired from non-linear part of regime switching models in econometrics. In these models, the concept of transfer functions is like the notion of fuzzy membership functions, but no principle or linguistic sentence have been used for inputs. Consequen...

The main objective of this article is to optimize the walking pattern of a 2D humanoid robot with heel-off and toe-off motions in order to minimize the energy consumption and maximize the stability margin. To this end, at first, a gait planning method is introduced based on the ankle and hip joint position trajectories. Then, using these trajectories and the inverse kinematics, the position tra...

in this paper, a new structure possessing the advantages of low-power consumption, less hardware and high-speed is proposed for fuzzy controller. the maximum output delay for general fuzzy logic controllers (flc) is about 86 ns corresponding to 11.63 mflips (fuzzy logic inference per second) while this amount of the delay in the designed fuzzy controller becomes 52ns that corresponds to 19.23 m...